GFC Investigator (Brokerage - AML/Fraud)
Bank of America, Phoenix, AZ, United States
Job Description
The Global Financial Crimes Compliance (GFCC) Investigator performs end-to-end investigations across one or more lines of business relevant to the Investigator's specific area of responsibility, specifically focused on Special Investigations, Global Markets, or Global Wealth and Investment Management. In the investigative role, the Investigator conducts complex investigations, including fraud committed by external parties, securities fraud, money laundering, or terrorist financing. Responsibilities include completing investigations while ensuring cases meet or exceed closure and quality metrics, reporting facts of the investigation to assist in identifying potential operational or compliance risks, and completing Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement. This role may partner with GFCC Risk Management, front line units or other stakeholders to resolve investigations. The position ultimately reports to investigations teams responsible for coverage over Special Investigations, Global Markets, or Global Wealth and Investment Management.
Responsibilities
Completes investigations while ensuring cases meet or exceed closure and quality metrics.
Completes Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement.
Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with Global Financial Crimes (GFC) Management and/or Front Line Units (FLU) to resolve investigations.
Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role.
Required Qualifications
Minimum of five years of relevant experience.
Understanding of Retail Brokerage Products, Clients, and Services, such as Equities, Fixed Income Products, Structured Investments, Securitized Products, Mutual Funds, and entity structures, such as Personal Holding Companies, Retirement and Trust Accounts.
FINRA Securities Essential Exam/ FINRA Series 7, Series 6 or relevant experience in the areas of back office operations, Margin, ACAT Transfer.
Suspicious Activity Reporting (SAR).
Stakeholder Management (FLU, Business Controls, Risk).
Understanding of Rules, Regulations, and Compliance (FINRA/SEC).
Desired Qualifications
Bachelor's Degree in a related field.
Experience in financial services and/or a related government entity.
Certified Anti-Money Laundering Specialist (CAMS).
Data Management, Review, and Analysis.
FINRA Services Principal Licensure (Series 4, 24, 53, 9/10).
Knowledge of Alternative Investments (Private Equity, Venture Capital, etc.).
Familiarity with Discretionary Trading Products.
Skills
Fraud Management
Policies, Procedures, and Guidelines Management
Reporting
Risk Management
Coaching
Issue Management
Talent Development
Critical Thinking
Written Communications
Data Analysis
Regulatory Compliance
Investigation Management
Technical Skills
AML Regulatory Knowledge
Case Investigation & Resolution
Customer Due Diligence
Enhanced Due Diligence
Financial Crimes Risk Programs
High Risk Activities & Typologies
Products, Services and Acumen- Global Financial Crimes
Risk Identification & Assessment
Risk Governance & Reporting
Shift 1st shift (United States of America)
Hours Per Week 40
Pay and Benefits US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
Pay range: $68,500.00 - $100,000.00 annualized salary, offers determined based on experience, education and skill set.
Discretionary incentive eligible: This role is eligible to participate in the annual discretionary plan.
Benefits: This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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Responsibilities
Completes investigations while ensuring cases meet or exceed closure and quality metrics.
Completes Suspicious Activity Reports (SAR) in a timely and accurate manner for submission to regulators and/or law enforcement.
Reports facts of the investigation to senior stakeholders, assisting in identifying potential operational or compliance risks and partners with Global Financial Crimes (GFC) Management and/or Front Line Units (FLU) to resolve investigations.
Performs quality control functions, training, communications, guidance, monitoring scenario development/enhancement input and testing, or law enforcement liaison responsibilities in an investigative support role.
Required Qualifications
Minimum of five years of relevant experience.
Understanding of Retail Brokerage Products, Clients, and Services, such as Equities, Fixed Income Products, Structured Investments, Securitized Products, Mutual Funds, and entity structures, such as Personal Holding Companies, Retirement and Trust Accounts.
FINRA Securities Essential Exam/ FINRA Series 7, Series 6 or relevant experience in the areas of back office operations, Margin, ACAT Transfer.
Suspicious Activity Reporting (SAR).
Stakeholder Management (FLU, Business Controls, Risk).
Understanding of Rules, Regulations, and Compliance (FINRA/SEC).
Desired Qualifications
Bachelor's Degree in a related field.
Experience in financial services and/or a related government entity.
Certified Anti-Money Laundering Specialist (CAMS).
Data Management, Review, and Analysis.
FINRA Services Principal Licensure (Series 4, 24, 53, 9/10).
Knowledge of Alternative Investments (Private Equity, Venture Capital, etc.).
Familiarity with Discretionary Trading Products.
Skills
Fraud Management
Policies, Procedures, and Guidelines Management
Reporting
Risk Management
Coaching
Issue Management
Talent Development
Critical Thinking
Written Communications
Data Analysis
Regulatory Compliance
Investigation Management
Technical Skills
AML Regulatory Knowledge
Case Investigation & Resolution
Customer Due Diligence
Enhanced Due Diligence
Financial Crimes Risk Programs
High Risk Activities & Typologies
Products, Services and Acumen- Global Financial Crimes
Risk Identification & Assessment
Risk Governance & Reporting
Shift 1st shift (United States of America)
Hours Per Week 40
Pay and Benefits US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
Pay range: $68,500.00 - $100,000.00 annualized salary, offers determined based on experience, education and skill set.
Discretionary incentive eligible: This role is eligible to participate in the annual discretionary plan.
Benefits: This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
#J-18808-Ljbffr